FD back at the summit for January Deal Watch

Financial Dynamics has returned to the top of PRWeek’s Deal Watch table for PR advisers on M&A transactions in January.

Advising French industrial gases group Air Liquide on its £1.8bn takeover of Messer Griesheim’s operations in Germany, the UK and the US, and UK house-builder Taylor Woodrow on a £480m buy-out of Wilson Connolly Holdings brought FD back to the number one spot after a three-month absence (PRWeek, 9 October 2003).

Another big climber last month was Bell Pottinger Financial, which moved up to third place from eighth. BPF advised UK commercial property company Chelsfield on the £1.7bn agreed takeover by takeover vehicle Duelguide.

Although last month’s leader Brunswick falls to second place, it remains near the top for its work advising Powergen on its £1.1bn acquisition of Aquila Sterling from Aquila Inc and FirstEnergy Corporation.

January also saw three new entries to the top ten: Hudson Sandler, which advised Duelguide on the Chelsfield takeover; The Maitland

Consultancy, which advised Tesco on a £781m share placing; and M Communications, which advised Electra Investment Trust on the sale to BC Partners of its stake in home heating company Baxi Group.

But M&A activity in January dropped significantly, with the top ten deals coming to just £15.7bn, less than half that of December.

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